©Reuters.
KATY, Texas – US-based Silica Holdings, Inc. (NYSE: SLCA), a diversified producer of silica and other industrial minerals, has scheduled the release of fourth quarter and full-year financial results for the period ended December 31, 2023 The company will release the report before the opening of the New York Stock Exchange on Tuesday, February 27, 2024.
Following the release, US Silica will host a conference call the same day at 7:30 a.m. Central Time. Bryan Shinn, Chief Executive Officer, along with Kevin Hough, Interim Executive Vice President and Chief Financial Officer, will lead the call to discuss financial results. Interested parties will be able to access the live webcast of the call through the company website in the “Investors – Events and Presentations” section or by connecting by telephone.
For those unable to hear the event live, a replay will be available shortly after the call concludes and can be accessed by phone until March 27, 2024, using conference ID 13744295.
US Silica, founded over a century ago, is on the index and operates 26 mines and facilities in the United States. The company’s portfolio includes EP Minerals and SandBox Logistics™, subsidiaries known for producing diatomaceous earth products and innovative logistics solutions for proppant materials, respectively.
The earnings release and investor call announcement is based on a press release from US Silica Holdings, Inc.
Insights on InvestingPro
As US Silica Holdings, Inc. (NYSE:SLCA) prepares to unveil financial results for the fourth quarter and full year, investors are keeping a close eye on the company’s performance metrics. According to real-time data from InvestingPro, US Silica boasts a market capitalization of $815.52 million and has demonstrated a robust P/E ratio of 5.41, with a slight adjustment to 5.56 over the trailing twelve months to starting from the third quarter of 2023. These figures highlight the profitability of the company in the last period.
Tips from InvestingPro suggest that US Silica’s share price movements have been somewhat mixed recently. While the stock is known to generally trade with low price volatility, it is currently trading near its 52-week low, indicating potential undervaluation. With a price-to-book ratio of 1.0, it is in line with the company’s tangible asset value. Furthermore, analysts expect the company to maintain profitability this year, supported by a strong gross profit margin of 33.9% and significant EBITDA growth of 72.45% over the trailing twelve months as of Q3 of 2023.
Despite a difficult quarter with -12.38% revenue growth, the company has a solid foundation with liquidity exceeding short-term obligations, indicating financial stability. Investors may also take comfort in the fact that US Silica has posted profits over the last twelve months. However, it is worth noting that the company does not pay a dividend, which could affect the investment strategy of income-oriented shareholders.
For those who want a more in-depth analysis, InvestingPro offers additional insights into US Silica’s financial health and future prospects. To explore them further, readers can visit InvestingPro’s dedicated page for SLCA, where more than 6 additional InvestingPro tips are available. And for those who are ready to take the next step, use the coupon code PRONEWS24 to get an additional 10% discount on the annual or biennial Pro and Pro+ subscription.
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